May 14, 2020
May 14, 2020 - /PressAdvantage/ - Panama City Beach, Fla. – If someone is interested in filing with a Chapter 7 Bankruptcy attorney in Panama City Beach, FL, the new CARES act law may assist in this, even if only slightly. As potential bankruptcy filers raise concerns their Coronavirus stimulus check had disqualified them form Chapter 7 bankruptcy, attorneys Lewis and Jurnovoy aim to relieve their worries.
In order to qualify for a bankruptcy Chapter 7 case, the means test must be passed. This is a calculation of the monthly income of the person or household. A single large payment, such as the stimulus check, could cause the monthly income to spike resulting in a failed means test. This may mean the person is expected to file a multi-year Chapter 13 case instead.
The new CARES act law can solve that issue instantly. It excludes any coronavirus relief money from the current monthly income. Other payments that are made under Federal law are also excluded during the time of the Coronavirus national emergency. These are payments that may not be considered current monthly incomes. An example of these are unemployment benefits through the CARES act per week as well as the extra $600 Federal assistance benefits some receive for COVID-19.
Chapter 13 mainly requires a payment of 3-5 years. The monthly amount goes to the trustee and then typically causes the consumer to be debt-free at the end. The new CARES law solves this by excluding these amounts from the current monthly income as well.
Lewis and Jurnovoy are able to assist those in need of affordable bankruptcy lawyers in Panama City Beach, FL, especially during these unprecedented times. For questions or inquiries regarding bankruptcy, whether Chapter 7 or Chapter 13, make sure to contact them today at (850) 913-9110, or on their website at https://lewisandjurnovoy.com.
###
For more information about Lewis & Jurnovoy, PA - PCB, contact the company here:
Lewis & Jurnovoy, PA - PCB
Steven Jurnovoy
(850) 913-9110
[email protected]
1004 Jenks Avenue
Panama City, FL 32401
ReleaseID: 60036143
A Hong Kong news commentator accused of violating the national security law has denied exposing police intelligence operations, telling a court that details of his meeting with officers were already public knowledge before he posted them online. Wong Kwok-ngon, 72, who ran a YouTube commentary channel under the pen name Wong On-yin, stood trial at the District Court on Friday. He is the first person in Hong Kong to be prosecuted for allegedly prejudicing an investigation into national security...
The body of man, 29, found in the backyard of an Orelia home is being treated as a suspected family violence murder.
Nic Maddinson's struggles end off the bowling of Marco Jansen.
President Trump touted his administration’s investment accounts for children on Wednesday, as millions of American kids will now be automatically enrolled in the program. Flanked by administration officials, business leaders and Sen. Ted Cruz (R-Texas) in the Oval Office, the president said the “Trump Accounts” will help children build wealth. “If all goes well, which...
The rise of multimillion-dollar "nuclear verdicts" involving the Los Angeles Police Department has caused payouts over officer misconduct, traffic accidents and workplace discrimination to soar in recent years, according to a Times analysis of data from the city attorney's office.
The FBI said six people were arrested Wednesday for allegedly extorting money from a business in Pomona and ordering the shooting of a man who owned a debt to gangsters affiliated with the Mexican Mafia.
Victims of sex abuse in line to receive payouts from L.A. County are being approached by private companies that offer a lump sum in exchange for the right to collect their future checks.
Every year, hundreds of animals die trying to cross State Route 62, connecting L.A. and Joshua Tree. The research to fix it is a bit unconventional.
The recording that exposed the quartet's machinations ultimately destroyed the type of ethnic politicking that made the careers of too many self-serving power grabbers. The transcript of their back-and-forth now reads as prophecy.
The blistering heat that has baked Southern California for days is coming to an end, with rain on tap for the weekend and early next week, along with a risk of potentially damaging coastal flooding.
South Africa regrettably chooses not to review a Nic Maddinson lbw shout.
China’s central bank rejected claims that the yuan is undervalued, rebutting a key European argument amid crunch negotiations ahead of a possible trade war. “China has no need or intent to gain competitive advantages through currency devaluation, nor has it ever resorted to competitive devaluation,” the People’s Bank of China said in a policy paper on Thursday, printed in both Chinese and English (see the full paper on SCMP Plus). “China’s trade growth is driven by its growing industrial...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.